Before purchasing a used car, Jim Myers checked www.kbb.com to learn what he should offer for the used car he wanted to buy. Then he conducted a carfax.com search on the car he found to see if the car had ever been in an accident. The Carfax was clean so he purchased the used car for $14,400. She put $1,000 down and financed the rest with a 36-month, 8% loan.
What is her monthly car payment by formula?
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